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|
|
MIRA INFORM REPORT
|
Report No. : |
509374 |
|
Report Date : |
16.05.2018 |
IDENTIFICATION DETAILS
|
Name : |
G M SYNTEX PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
Dhanasingh Processors Compound, J B Nagar, Andheri-Kurla Road, Mumbai
– 400059, Maharashtra |
|
Tel. No.: |
91-22-61559898 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2017 |
|
|
|
|
Date of
Incorporation : |
03.11.1999 |
|
|
|
|
Com. Reg. No.: |
11-122522 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
INR 6.465 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U17100MH1999PTC122522 |
|
|
|
|
IEC No.: [Import-Export Code No.] |
0399045376 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAACG9034H |
|
|
|
|
GSTN : [Goods & Service Tax
Registration No.] |
Not Divulged |
|
|
|
|
Legal Form : |
Private Limited Liability Company. |
|
|
|
|
Line of Business
: |
Subject’s main business activity is “Manufacturing, Export and Domestic Sales of Fabrics” (Registered activity) |
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|
|
No. of Employees
: |
Information declined by the management |
RATING & COMMENTS
(Mira Inform has adopted New Rating mechanism w.e.f. 23rd
January 2017)
|
MIRA’s Rating : |
A+ |
|
Credit Rating |
Explanation |
Rating Comments |
|
A+ |
Low Risk |
Business dealings permissible with low
risk of default |
|
Status : |
Good |
|
|
|
|
Payment Behaviour : |
Regular |
|
|
|
|
Litigation : |
Exist |
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|
|
|
Comments : |
Subject was incorporated in the year 1999. It is a manufacturer and exporter of fabrics.
|
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
EXTERNAL AGENCY RATING
|
Rating Agency Name |
Not Available |
|
Rating |
Not Available |
|
Rating Explanation |
Not Available |
|
Date |
Not Available |
RBI DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available RBI Defaulters’ list.
EPF (Employee Provident Fund) DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter in
the publicly available EPF (Employee Provident Fund) Defaulters’ list as of
31-03-2018.
BIFR (Board for Industrial & Financial
Reconstruction) LISTING STATUS
Subject’s name is
not listed as a Sick Unit in the publicly available BIFR (Board for Industrial
& Financial Reconstruction) list as of 16.05.2018
IBBI (Insolvency and Bankruptcy Board of India) LISTING STATUS
Subject’s name is not listed in the publicly
available IBBI (Insolvency and Bankruptcy Board of India) list as of report
date.
INFORMATION DENIED BY
MANAGEMENT NON-COOPERATIVE (TEL NO.: 91-22-61559898)
TEL NO.: 91-22-66921560 (INCORRECT NUMBER)
LOCATIONS
|
Registered Office : |
Dhanasingh Processors Compound, J B Nagar, Andheri-Kurla Road, Mumbai –
400059, Maharashtra, India |
|
Tel. No.: |
91-22-61559898 |
|
Fax No.: |
91-22-66164014 |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Factory: |
Plot No. D-21/1/1, Plot No. D-21/2/1, Plot No. E-37 and E-38, Plot No. E-32/1/1 and Plot No.E-32/1/2, M.I.D.C, Tarapur Industrial Area, Boisar, Thane -401506, Maharashtra, India |
DIRECTORS
As on 31.03.2017
|
Name : |
Ms. Ravinder Kaur Gurbakhshish Singh |
|
Designation : |
Director |
|
Address : |
801, Daffodil Residents Association, N. S. Road, No. 7, JVPD Scheme, Vile Parle (West), Mumbai – 400049, Maharashtra, India |
|
Date of Birth/Age : |
28.01.1950 |
|
Qualification : |
Graduate |
|
Date of Appointment : |
20.07.2005 |
|
PAN No.: |
ACYPC2650E |
|
DIN No. : |
00136434 |
|
|
|
|
Name : |
Mr. Dalbir Singh Gurbakhshish Singh |
|
Designation : |
Director |
|
Address : |
901, Daffodil Residents Association, N. S. Road, No. 7, JVPD Scheme, Vile Parle (West), Mumbai – 400049, Maharashtra, India |
|
Date of Birth/Age : |
24.08.1981 |
|
Qualification : |
Diploma In Textile (Sasmira) |
|
Date of Appointment : |
20.07.2005 |
|
PAN No.: |
ACVPC4531F |
|
DIN No. : |
00136561 |
|
|
|
|
Name : |
Mrs. Chandeep Harvindersingh Chadha |
|
Designation : |
Director |
|
Address : |
901, Daffodil Residents Association, N. S. Road, No. 7, JVPD Scheme, Vile Parle (West), Mumbai – 400049, Maharashtra, India |
|
Date of Birth/Age : |
03.02.1986 |
|
Qualification : |
BTEC Diploma - UK |
|
Date of Appointment : |
04.12.2006 |
|
PAN No.: |
AGFPC8159D |
|
DIN No. : |
01031048 |
|
|
|
|
Name : |
Mr. Gurbakhshish Singh |
|
Designation : |
Director |
|
Address : |
401 Sunbeam Apartment 4th Floor Linking Road Santacruz (West), Mumbai-400054, Maharashtra, India |
|
Date of Birth/Age : |
20.12.1949 |
|
Qualification : |
B. Tex. (T.I.T.-Bhiwani) |
|
Date of Appointment : |
03.11.1999 |
|
DIN No. : |
01332493 |
|
|
|
|
Name : |
Mr. Omkarnath Parmanand Malhotra |
|
Designation : |
Director |
|
Address : |
T-2/101, Sunder Nagar, S.V. Road, Malad (West), Mumbai – 400096, Maharashtra, India |
|
Date of Birth/Age : |
01.08.1945 |
|
Qualification : |
Diploma in Textile (Sasmira) |
|
Date of Appointment : |
15.03.2009 |
|
DIN No. : |
01346267 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 31.03.2017
|
Names of Shareholders |
|
No. of Shares |
|
S Gurbakshish Singh |
|
62653 |
|
S Ravider Kaur |
|
60462 |
|
S Dalbir Singh |
|
60559 |
|
Chandeep Kaur |
|
60000 |
|
Gurbakshish Singh HUF |
|
62033 |
|
Gurdeep Kaur |
|
24438 |
|
Jagdish Kaur |
|
24438 |
|
Dhana singh Finishers Private Limited, |
|
58705 |
|
Kim Fashion Exports Private Limited, |
|
58700 |
|
Jagdish Polyster Private Limited, |
|
35000 |
|
Jagdish Kaur and Gurdeep Kaur |
|
4998 |
|
Manohar Fashion (Manufacturer) Private Limited, |
|
11775 |
|
|
|
121 |
|
Gagandeep Kaur |
|
2450 |
|
Pure Drapes Private Limited, |
|
60000 |
|
Dalbir Singh HUF |
|
60000 |
|
Dilpreet Kaur Batra |
|
100 |
|
Priya Malhotra |
|
100 |
|
|
|
|
|
Total |
|
646532 |
Equity Share Break up (Percentage of Total Equity)
As on 29.09.2017
|
Category |
Percentage |
|
Promoter – (Individual/ Hindu Undivided
Family – Indian) |
65.33 |
|
Promoter - Bodies
corporate |
34.67 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Subject’s main business activity is “Manufacturing, Export and Domestic Sales of Fabrics” (Registered activity) |
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Products : |
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Brand Names : |
Not Divulged |
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Agencies Held : |
Not Divulged |
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Exports : |
Not Divulged |
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Imports : |
Not Divulged |
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Terms : |
Not Divulged |
PRODUCTION STATUS NOT AVAILABLE
GENERAL INFORMATION
|
Suppliers : |
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Customers : |
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No. of Employees : |
Information declined by the management |
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Bankers : |
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Facilities : |
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Auditors : |
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|
Name : |
B.P. Trivedi and Associates Chartered Accountants |
|
Address : |
3 / 9 2 6 -R, Navjivan Comm. Premises Co-Operative Society, Lamington Road, Mumbai – 400008, Maharashtra, India |
|
PAN N Income-tax PAN of auditor or auditor's firm : |
AADPT6694C |
|
|
|
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Memberships : |
Not Available |
|
|
|
|
Collaborators : |
Not Available |
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|
|
|
Other related parties ; |
|
|
|
|
|
Enterprises which are owned, or have significant influence of or are partners
with Key management personnel and their relatives : |
U17110MH1990PTC058419 |
CAPITAL STRUCTURE
As on 31.03.2017
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
750000 |
Equity Shares |
INR 10/- each |
INR 7.500 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
646532 |
Equity Shares |
INR 10/- each |
INR 6.465
Million |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in INR Million]
ABRIDGED
BALANCE SHEET
|
SOURCES
OF FUNDS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
|
|
|
|
|
I.
EQUITY AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
6.465 |
6.465 |
6.465 |
|
(b) Reserves & Surplus |
1481.635 |
1261.872 |
1114.273 |
|
(c) Money received against
share warrants |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application money
pending allotment |
0.000 |
0.000 |
0.000 |
|
Total
Shareholders’ Funds (1) + (2) |
1488.100 |
1268.337 |
1120.738 |
|
|
|
|
|
|
(3) Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
491.374 |
409.403 |
361.421 |
|
(b) Deferred tax liabilities
(Net) |
0.000 |
0.000 |
0.000 |
|
(c) Other long term
liabilities |
306.520 |
366.215 |
284.897 |
|
(d) long-term provisions |
0.000 |
0.000 |
0.000 |
|
Total
Non-current Liabilities (3) |
797.894 |
775.618 |
646.318 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
539.737 |
193.329 |
189.791 |
|
(b) Trade payables |
280.589 |
281.165 |
229.239 |
|
(c) Other current liabilities |
19.995 |
18.601 |
51.027 |
|
(d) Short-term provisions |
335.049 |
247.362 |
254.981 |
|
Total
Current Liabilities (4) |
1175.370 |
740.457 |
725.038 |
|
|
|
|
|
|
TOTAL |
3461.364 |
2784.412 |
2492.094 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
1350.274 |
1072.913 |
926.094 |
|
(ii) Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(iii) Capital work-in-progress |
11.771 |
31.519 |
47.575 |
|
(iv) Intangible assets under
development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
4.437 |
4.437 |
4.438 |
|
(c) Deferred tax assets (net) |
2.607 |
25.938 |
34.592 |
|
(d) Long-term Loan and Advances |
20.934 |
17.322 |
16.214 |
|
(e) Other Non-current assets |
0.367 |
0.119 |
0.963 |
|
Total
Non-Current Assets |
1390.390 |
1152.248 |
1029.876 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
234.655 |
242.893 |
313.022 |
|
(c) Trade receivables |
620.387 |
560.091 |
488.359 |
|
(d) Cash and cash equivalents |
622.427 |
332.440 |
219.127 |
|
(e) Short-term loans and
advances |
593.505 |
496.740 |
441.710 |
|
(f) Other current assets |
0.000 |
0.000 |
0.000 |
|
Total
Current Assets |
2070.974 |
1632.164 |
1462.218 |
|
|
|
|
|
|
TOTAL |
3461.364 |
2784.412 |
2492.094 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
|
SALES |
|
|
|
|
|
Income |
3207.893 |
2939.205 |
3045.609 |
|
|
Other Income |
83.71 |
71.455 |
44.820 |
|
|
TOTAL
|
3291.603 |
3010.660 |
3090.429 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials Consumed |
1079.976 |
1075.004 |
1145.745 |
|
|
Purchases of Stock-in-Trade |
883.995 |
843.656 |
822.333 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
(11.349) |
23.975 |
(23.716) |
|
|
Employees benefits expense |
382.317 |
240.959 |
171.683 |
|
|
Exceptional items before tax |
55.718 |
0.718 |
44.388 |
|
|
Extraordinary items before tax |
(1.221) |
(1.332) |
(9.482) |
|
|
Other expenses |
402.725 |
357.377 |
421.365 |
|
|
TOTAL |
2792.161 |
2540.357 |
2572.316 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION |
499.442 |
470.303 |
518.113 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
52.974 |
67.876 |
50.499 |
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
446.468 |
402.427 |
467.614 |
|
|
|
|
|
|
|
Less/
Add |
DEPRECIATION/
AMORTISATION |
175.057 |
174.622 |
149.042 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE TAX |
271.411 |
227.805 |
318.572 |
|
|
|
|
|
|
|
Less |
TAX |
94.222 |
80.206 |
108.777 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) AFTER TAX |
177.189 |
147.599 |
209.795 |
|
|
|
|
|
|
|
|
Earnings
/ (Loss) Per Share (INR) |
274.00 |
228.00 |
324.49 |
CURRENT MATURITIES OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Maturities of Long term debt |
NA |
NA |
NA |
|
Net cash flows from (used in) operations |
1137.675 |
509.666 |
534.221 |
|
Net cash flows from (used in) operating activities |
1013.810 |
370.238 |
398.377 |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Average Collection Days (Sundry Debtors / Income * 365 Days) |
70.59 |
69.55 |
58.53 |
|
|
|
|
|
|
Account Receivables Turnover (Income / Sundry
Debtors) |
5.17 |
5.25 |
6.24 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors
/ Purchases * 365 Days) |
52.15 |
53.49 |
42.51 |
|
|
|
|
|
|
Inventory Turnover (Operating Income
/ Inventories) |
2.13 |
1.94 |
1.66 |
|
|
|
|
|
|
Asset Turnover (Operating Income
/ Net Fixed Assets) |
0.37 |
0.43 |
0.53 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Debt Ratio ((Borrowing + Current Liabilities) / Total
Assets) |
0.48 |
0.41 |
0.44 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability
/ Networth) |
0.69 |
0.48 |
0.49 |
|
|
|
|
|
|
Current Liabilities to Networth (Current
Liabilities / Net Worth) |
0.79 |
0.58 |
0.65 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets
/ Networth) |
0.92 |
0.87 |
0.87 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial
Charges) |
9.43 |
6.93 |
10.26 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
((PAT / Sales) * 100) |
% |
5.52 |
5.02 |
6.89 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total
Assets) * 100) |
% |
5.12 |
5.30 |
8.42 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth)
* 100) |
% |
11.91 |
11.64 |
18.72 |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Ratio (Current Assets / Current Liabilities) |
1.76 |
2.20 |
2.02 |
|
|
|
|
|
|
Quick Ratio ((Current Assets
– Inventories) / Current Liabilities) |
1.56 |
1.88 |
1.59 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total
Assets) |
0.43 |
0.46 |
0.45 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity
Capital) |
159.49 |
93.23 |
85.26 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current
Assets / Total Current Liabilities) |
1.76 |
2.20 |
2.02 |
Total Liability = Short-term Debt + Long-term
Debt + Current Maturities of Long-term debts
FINANCIAL ANALYSIS
[all figures are
INR Million]
DEBT EQUITY RATIO
|
Particular |
31.03.2015 |
31.03.2016 |
31.03.2017 |
|
|
INR
In Million |
INR
In Million |
INR
In Million |
|
Share Capital |
6.465 |
6.465 |
6.465 |
|
Reserves & Surplus |
1114.273 |
1261.872 |
1481.635 |
|
Net
worth |
1120.738 |
1268.337 |
1488.100 |
|
|
|
|
|
|
Long Term borrowings |
361.421 |
409.403 |
491.374 |
|
Short Term borrowings |
189.791 |
193.329 |
539.737 |
|
Total
borrowings |
551.212 |
602.732 |
1031.111 |
|
Debt/Equity
ratio |
0.492 |
0.475 |
0.693 |
YEAR-ON-YEAR GROWTH
|
Year
on Year Growth |
31.03.2015 |
31.03.2016 |
31.03.2017 |
|
|
INR
In Million |
INR
In Million |
INR In
Million |
|
Sales
|
3045.609 |
2939.205 |
3207.893 |
|
|
|
(3.494) |
9.142 |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2015 |
31.03.2016 |
31.03.2017 |
|
|
INR
In Million |
INR
In Million |
INR
In Million |
|
Sales
|
3045.609 |
2939.205 |
3207.893 |
|
Profit |
209.795 |
147.599 |
177.189 |
|
|
6.89% |
5.02% |
5.52% |
LEGAL
CASE
|
Industrial
Court,Thane Case
Details Case Type: Complaint (ULP)
Case Status First Hearing Date: 30th April 2016 Petitioner
and Advocate 1) Textile Kamgar Sabha Respondent
and Advocate 1) M/s. G. M. Syntex Pvt. Ltd. Acts
|
LOCAL AGENCY FURTHER INFORMATION
|
Sr. No. |
Check list by info
agents |
Available in
Report (Yes/No) |
|
1 |
Year of establishment |
Yes |
|
2 |
Constitution of the entity -Incorporation
details |
Yes |
|
3 |
Locality of the entity |
Yes |
|
4 |
Premises details |
No |
|
5 |
Buyer visit details |
-- |
|
6 |
Contact numbers |
Yes |
|
7 |
Name of the person contacted |
No |
|
8 |
Designation of contact person |
No |
|
9 |
Promoter’s background |
Yes |
|
10 |
Date of Birth of Proprietor / Partners /
Directors |
No |
|
11 |
Pan Card No. of Proprietor / Partners |
No |
|
12 |
Voter Id Card No. of Proprietor / Partners |
No |
|
13 |
Type of business |
Yes |
|
14 |
Line of Business |
Yes |
|
15 |
Export/import details (if applicable) |
No |
|
16 |
No. of employees |
No |
|
17 |
Details of sister concerns |
Yes |
|
18 |
Major suppliers |
No |
|
19 |
Major customers |
No |
|
20 |
Banking Details |
Yes |
|
21 |
Banking facility details |
Yes |
|
22 |
Conduct of the banking account |
-- |
|
23 |
Financials, if provided |
Yes |
|
24 |
Capital in the business |
Yes |
|
25 |
Last accounts filed at ROC, if applicable |
Yes |
|
26 |
Turnover of firm for last three years |
Yes |
|
27 |
Reasons for variation <> 20% |
-- |
|
28 |
Estimation for coming financial year |
No |
|
29 |
Profitability for last three years |
Yes |
|
30 |
Major shareholders, if available |
Yes |
|
31 |
External Agency Rating, if available |
No |
|
32 |
Litigations that the firm/promoter
involved in |
Yes |
|
33 |
Market information |
-- |
|
34 |
Payments terms |
No |
|
35 |
Negative Reporting by Auditors in the Annual
Report |
No |
OPERATIONS:
There has been no change in the business activities. The Turnover and Income has increased by about 9.33% has compared to previous year. However due to cost controls and other measures, profit has gone up by about 20% as compared to that of previous year. The directors are hopeful of keeping this trend.
GENERAL INFORMATION
The Company was incorporated as on 03.11.1999. Its main business activity is “Manufacturing, Export and Domestic Sales of Fabrics”. It’s Registered Office at “Dhana Singh Processors Compound, Wazir Glass Works Lane, Andheri - Kurla Road, J.B. Nagar, Andheri (East), Mumbai 400059, and it’s Manufacturing Units are at Plot No. D-21/1/1, Plot No. D-21/2/1, Plot No. E-37, E-38 and E-39, Plot No. E-32/1/1, Plot No. E-32/1/2, and Plot No. E-125/1, M.I.D.C, Tarapur Industrial Area, Boisar, Dist. Palghar, Maharashtra – 401506, Maharashtra, India.
INDEX
OF CHARGES:
|
SNo |
SRN |
Charge Id |
Charge Holder Name |
Date of Creation |
Date of Modification |
Date of Satisfaction |
Amount |
Address |
|
1 |
G69161073 |
100138194 |
HDFC BANK LIMITED |
01/11/2017 |
- |
- |
50000000.0 |
HDFC BANK HOUSESENAPATI BAPAT MARGLOWER PAREL WMUMBAIMH400013IN |
|
2 |
G47631403 |
100107510 |
HDFC BANK LIMITED |
17/05/2017 |
- |
- |
72600000.0 |
HDFC BANK HOUSESENAPATI BAPAT MARGLOWER PAREL WMUMBAIMH400013IN |
|
3 |
G16042293 |
10601452 |
HDFC BANK LIMITED |
24/09/2015 |
20/09/2016 |
- |
774000000.0 |
HDFC BANK HOUSESENAPATI BAPAT MARGLOWER PAREL WMUMBAIMH400013IN |
|
4 |
C62555347 |
10071186 |
Punjab & Sind Bank |
26/09/2007 |
09/12/2014 |
- |
1376900000.0 |
Andheri East Branch, Shaheed Bhagat Singh Colony,J.B. Nagar, Andheri-Kurla Road Andheri-KMumbaiMH400059IN |
|
5 |
C81269003 |
90177596 |
PUNJAB & SIND BANK |
24/04/1995 |
24/01/1996 |
15/02/2016 |
5000000.0 |
BHANGWADIMUMBAIMH400002IN |
|
6 |
C81265092 |
10560563 |
Punjab & Sind Bank |
09/12/2014 |
- |
12/02/2016 |
120000000.0 |
101, Shaheed Bhagat Singh ColonyJ.B. Nagar, Andheri-Kurla Road, Andheri EastMumbaiMH400059IN |
|
7 |
C81252090 |
10035387 |
PUNJAB & SIND BANK |
29/12/2006 |
- |
12/02/2016 |
23300000.0 |
NEAR SANGAM TALKIESANDHERI KURLA ROAD, ANDHERI (EAST)MUMBAIMH400059IN |
|
8 |
C81348211 |
10058090 |
PUNJAB & SIND BANK |
20/06/2007 |
- |
12/02/2016 |
13000000.0 |
ANDHERI KURLA ROAD,J.B. NAGAR, ANDHERI (EAST)MUMBAIMH400059IN |
|
9 |
C81267908 |
10243113 |
Punjab & Sind Bank |
14/09/2010 |
12/07/2011 |
12/02/2016 |
673800000.0 |
Shahid Bhagat Singh Colony, J.B. NagarAndheri-Kurla Road, Andheri EastMumbaiMH400059IN |
|
10 |
C81268070 |
10236395 |
Punjab & Sind Bank |
26/07/2010 |
- |
12/02/2016 |
25000000.0 |
101, Shaheed Bhagat Singh Colony, J.B. NagarAndheri-Kurla Road, Andheri EastMumbaiMH400059IN |
FIXED ASSETS
- Land
- Buildings
- Plant and equipment
- Vehicles
- Office equipment
CMT REPORT (Corruption, Money Laundering & Terrorism]
The Public Notice information has been collected from various sources
including but not limited to: The Courts,
1] INFORMATION ON DESIGNATED
PARTY
No records exist designating subject or any of its beneficial owners,
controlling shareholders or senior officers as terrorist or terrorist
organization or whom notice had been received that all financial transactions
involving their assets have been blocked or convicted, found guilty or against
whom a judgement or order had been entered in a proceedings for violating
money-laundering, anti-corruption or bribery or international economic or
anti-terrorism sanction laws or whose assets were seized, blocked, frozen or
ordered forfeited for violation of money laundering or international
anti-terrorism laws.
2] Court Declaration :
No records exist to suggest that subject is
or was the subject of any formal or informal allegations, prosecutions or other
official proceeding for making any prohibited payments or other improper
payments to government officials for engaging in prohibited transactions or
with designated parties.
3] Asset Declaration :
No records exist to suggest that the property or assets of the subject
are derived from criminal conduct or a prohibited transaction.
4] Record on Financial
Crime :
Charges or conviction
registered against subject: None
5] Records on Violation of
Anti-Corruption Laws :
Charges or
investigation registered against subject: None
6] Records on Int’l
Anti-Money Laundering Laws/Standards :
Charges or
investigation registered against subject: None
7] Criminal Records
No available
information exist that suggest that subject or any of its principals have been
formally charged or convicted by a competent governmental authority for any
financial crime or under any formal investigation by a competent government
authority for any violation of anti-corruption laws or international anti-money
laundering laws or standard.
8] Affiliation with
Government :
No record
exists to suggest that any director or indirect owners, controlling
shareholders, director, officer or employee of the company is a government
official or a family member or close business associate of a Government
official.
9] Compensation Package :
Our market
survey revealed that the amount of compensation sought by the subject is fair
and reasonable and comparable to compensation paid to others for similar
services.
10] Press Report :
No press reports / filings exists on
the subject.
CORPORATE GOVERNANCE
MIRA INFORM as part of its Due Diligence do provide comments on
Corporate Governance to identify management and governance. These factors often
have been predictive and in some cases have created vulnerabilities to credit
deterioration.
Our Governance Assessment focuses principally on the interactions
between a company’s management, its Board of Directors, Shareholders and other
financial stakeholders.
CONTRAVENTION
Subject is not known to have contravened any existing local laws,
regulations or policies that prohibit, restrict or otherwise affect the terms and
conditions that could be included in the agreement with the subject.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
INR |
|
US Dollar |
1 |
INR 67.38 |
|
|
1 |
INR 91.39 |
|
Euro |
1 |
INR 79.89 |
INFORMATION DETAILS
|
Information Gathered
by : |
SAV |
|
|
|
|
Analysis Done by
: |
PRY |
|
|
|
|
Report Prepared
by : |
KJL |
SCORE FACTORS
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
YES |
|
--LITIGATION |
YES/NO |
YES |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
|
MERIT POINTS |
|
|
|
--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
|
--EXPORT ACTIVITIES |
YES/NO |
YES |
|
--AFFILIATION |
YES/NO |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
RATING EXPLANATIONS
|
Credit Rating |
Explanation |
Rating Comments |
|
A++ |
Minimum Risk |
Business dealings permissible with minimum
risk of default |
|
A+ |
Low Risk |
Business dealings permissible with low
risk of default |
|
A |
Acceptable Risk |
Business dealings permissible with moderate
risk of default |
|
B |
Medium Risk |
Business dealings permissible on a regular
monitoring basis |
|
C |
Medium High Risk |
Business dealings permissible preferably
on secured basis |
|
D |
High Risk |
Business dealing not recommended or on secured
terms only |
|
NB |
New Business |
No recommendation can be done due to
business in infancy stage |
|
NT |
No Trace |
No recommendation can be done as the
business is not traceable |
NB is stated where there is insufficient information to facilitate rating. However, it is not to be considered as unfavourable.
This score serves as a reference to assess
SC’s credit risk and to set the amount of credit to be extended. It is
calculated from a composite of weighted scores obtained from each of the major
sections of this report. The assessed factors are as follows:
·
Financial
condition covering various ratios
·
Company
background and operations size
·
Promoters
/ Management background
·
Payment
record
·
Litigation
against the subject
·
Industry
scenario / competitor analysis
·
Supplier
/ Customer / Banker review (wherever available)
This report is issued at
your request without any risk and responsibility on the part of MIRA INFORM
PRIVATE LIMITED (MIPL) or its officials.